Free Tax Prep
FREE quality tax services for working families.
Benjamin Franklin's famous quote goes, "In this world nothing is certain but death and taxes." But for thousands of working families in Central Texas, even taxes are not a sure thing. Complex tax forms and high tax preparation fees prevent families from claiming an estimated $10 million in refunds in McLennan County each year!
You pay enough. Stop paying to get your taxes prepared!
Your tax return belongs to you...it's your money! So why give $200-300 of it to a commercial tax preparer to file your simple forms when there's a better alternative? Our IRS-certified preparers can help decipher confusing tax laws and navigate through the forms to get you every dollar you have coming. And it won't cost you a penny for this service.
- Many working families pay up to $300 to have their fairly simple tax forms prepared.
- NeighborWorks Waco helps provide different sites in Central Texas that will provide the same service at no cost.
- EITC refunds for the 2012 tax season can total up to $5,751 for qualifying taxpayers.
What is the EITC?
The Earned Income Tax Credit (EITC) sometimes called the Earned Income Credit (EIC), is a refundable federal income tax credit for low-income working individuals and families. Congress originally approved the tax credit legislation in 1975 in part to offset the burden of social security taxes and to provide an incentive to work. When the EITC exceeds the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit.
To qualify, taxpayers must meet certain requirements and file a tax return, even if they did not earn enough money to be obligated to file a tax return.
The EITC has no effect on certain welfare benefits. In most cases, EITC payments will not be used to determine eligibility for Medicaid, Supplemental Security Income (SSI), food stamps, low-income housing or most Temporary Assistance for Needy Families (TANF) payments.
During tax season 2012, NeighborWorks Waco worked with AARP and A.J. Moore Academy at University High to provide different free tax preparation sites in the Waco area. Through billboard ads, local publications, and other media outlets, over $4.6 million was refunded to the nearly 4,000 taxpayers who used these sites. For the upcoming tax season, NeighborWorks Waco's goal is to serve 4,200 taxpayers through paid advertising, returning customers, and in-kind promotion from local community organizations.